Summarized quarterly results for the years ended December 31, 2015 and 2014 were as follows:


	For the Quarter Ended
	March 31, 2015		June 30, 2015		September 30, 2015		December 31, 2015
		(in thousands, except shares and per share amounts)
Total revenue	$	44,207	$	44,277	$	45,110	$	43,274
Total operating expenses		28,884		22,921		24,498		26,410
Operating income		15,323		21,356		20,612		16,864
Total other expenses, net		(4,045)		(1,841)		(2,142)		(2,747)
Income before provision for income taxes		11,278		19,515		18,470		14,117
Provision for income taxes		(2,148)		(3,457)		(3,277)		(3,148)
Net income		9,130		16,058		15,193		10,969
Less: net income attributable to non-controlling interest		6,379		11,088		10,396		6,923
Net income attributable to RE/MAX Holdings, Inc.	$	2,751	$	4,970	$	4,797	$	4,046

Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	0.23	$	0.41	$	0.39	$	0.28
Diluted	$	0.22	$	0.40	$	0.39	$	0.28
Weighted average shares of Class A common stock outstanding
Basic		11,817,605		12,225,678		12,333,690		14,283,839
Diluted		12,293,505		12,399,527		12,420,748		14,351,911

	For the Quarter Ended
	March 31, 2014		June 30, 2014		September 30, 2014		December 31, 2014
		(in thousands, except shares and per share amounts)
Total revenue	$	41,880	$	42,299	$	44,240	$	42,565
Total operating expenses		29,224		23,287		24,326		30,312
Operating income		12,656		19,012		19,914		12,253
Total other expenses, net		(2,973)		(1,374)		(2,743)		(2,818)
Income before provision for income taxes		9,683		17,638		17,171		9,435
Provision for income taxes		(1,885)		(3,129)		(3,116)		(1,818)
Net income		7,798		14,509		14,055		7,617
Less: net income attributable to non-controlling interest		5,390		10,132		9,780		5,241
Net income attributable to RE/MAX Holdings, Inc.	$	2,408	$	4,377	$	4,275	$	2,376

Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	0.21	$	0.38	$	0.37	$	0.20
Diluted	$	0.20	$	0.36	$	0.35	$	0.19
Weighted average shares of Class A common stock outstanding
Basic		11,607,971		11,593,885		11,579,669		11,662,874
Diluted		12,254,474		12,230,014		12,229,010		12,259,440